Meister, post: 22079769
why in the hell did the feds need to keep rates AT near 0 for nearly his entire time as president?
Because the Great Bush recession was so severe.
That answers that. So where in the hell is the massive debt reduction Trumpo promised over eight years since in two years he’s added close to two trillion already. Must remind you Trumpo didn’t start with a huge unended recession to contend with and to base policy upon.
- Candidate Trump had two strategies to reduce the U.S. debt. He promised to grow the economy 6 percent annually to increase tax revenues. But once in office, he lowered his growth estimate to 3.5 percent to 4 percent.
Trump Pledged to Eliminate the Debt. Instead He Will Add $8.3 Trillion
Where in the hell is the 6% GDP that Trumpo promised as a candidate that cutting taxes for the rich like him would bring.
Where in the hell is the 4% annual GDP that Trumpo promised when President by cutting taxes for rich people like him would bring?
- Latest forecast: 1.3 percent — March 26, 2019 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 1.3 percent on March 26, up from 1.2 percent on March 22
GDPNow - Federal Reserve Bank of Atlanta
It appears you’ve been conned and now we owe an additional couple trillion in debt much of it due to lost revenue.
Why in the hell do the feds need to keep rates at 2.5 for the remainder of his term as president if he can slime his way to last into 2021?
Why the Fed Funds Rate Will Remain at 2.5 Percent
We were supposed to get 4% to 6% annual GDP from the tax cuts which would have allowed the FED to continue quantitative tightening and reducing debt.
That program has failed - the next recession will be much more difficult to deal with.
We may not get another Obama to guide us out.
Look at the annual debt history and how Trumpo Is driving it up;
- The first thing you notice when looking at the federal deficits from fiscal 2007 (the U.S. government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (two months before Obama was elected and four months before he was sworn in) to fiscal 2009. It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and has increased in Trump’s first year in office.
- Fiscal 2007: $161 billion (next to last year of Bush’s second term)
- Fiscal 2008: $459 billion (beginning impact from the Great Recession)
- Fiscal 2009: $1.4 trillion (Obama’s first year and in the teeth of the Recession)
- Fiscal 2010: $1.3 trillion
- Fiscal 2011: $1.3 trillion
- Fiscal 2012: $1.1 trillion
- Fiscal 2013: $680 billion
- Fiscal 2014: $485 billion
- Fiscal 2015: $438 billion
- Fiscal 2016: $587 billion
- Fiscal 2017: $666 billion (Trump’s first year of his Presidency)
Don't Blame Obama For Doubling The Federal Deficit
Where in the hell is Trumpo’s debt reduction to zero deficits in eight years,
- WASHINGTON — The federal budget deficit swelled to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect. The deficit rose nearly 17 percent year over year, from $666 billion in 2017.Oct 15, 2018
Budget Deficit Jumps Nearly 17% in 2018
And you voted for Trumpo because you wanted someone in the Oval Office to run the country better than Obama.
Did you mean ruin the country?
Now Trumpo wants to destroy the ACA In it’s entirety and replace it with nothing.
More economic havoc to follow - a million jobs could be lost. On top of twenty million losing health insurance.
Insurers get to refuse to cover pre-existing conditions,
All over an ego. And lots of stupid people can feel tough worshipping the clown with the ego.
